Guideline Value for ALANDUR ROAD

Alandur Road guideline value

The current guideline value of Alandur Road in Saidapet village is Rs 6,050 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Alandur Road has changed

The guideline value for Alandur Road has seen significant changes over the years. In 2002, the value was Rs 706 per sq.ft, which increased to Rs 1,439 per sq.ft in 2003, marking a rise of 104%. The trend continued with a substantial increase to Rs 3,143 per sq.ft in 2007, reflecting a growth of 118%. Following this, the value rose to Rs 5,500 per sq.ft in 2012, representing a 75% increase. However, there was a decrease to Rs 3,685 per sq.ft in 2017, which was a decline of 33%. The value then surged to Rs 5,500 per sq.ft in 2023, showing a significant increase of 49%. The most recent revision in 2024 set the value at Rs 6,050 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 757%. There are no figures available for the revisions in years other than those specified.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Alandur Road's 2024 figure above that median.

• Amma Kannammal Street: Rs 3,300 per sq.ft (2024)
• Abith Colony: Rs 4,400 per sq.ft (2024)
• Abdul Razack Street: Rs 6,600 per sq.ft (2024)
• Abdul Razack Sahin Street (Anna Nagar): Rs 6,600 per sq.ft (2024)
• Abdul Razack 2nd Street: Rs 6,600 per sq.ft (2024)
• Abdul Razack 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Alandur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,050 per sq.ft, the total guideline value amounts to Rs 60,50,000. The stamp duty at 7% would be Rs 4,23,500, while the registration fee at 2% would be Rs 1,21,000, bringing the total cost to Rs 5,44,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alandur Road?

The Alandur Road area is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Saidapet

The guideline value is a crucial factor in the registration of property transactions in Saidapet. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction, including the applicable fees. Ensuring that you have the latest information on guideline values can help you make informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Alandur Road?

The current guideline value of Alandur Road is Rs 6,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 706 per sq.ft in 2002 to Rs 6,050 per sq.ft in 2024, marking an overall increase of 757%.

What is the stamp duty rate for property in Alandur Road?

The stamp duty for property transactions in Alandur Road is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alandur Road?

The Sub Registrar Office covering Alandur Road is located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the registration fee calculated for properties in Alandur Road?

The registration fee for properties in Alandur Road is calculated at a rate of 2% of the guideline value or the sale price, whichever is higher.